Kirkland Lake Gold Ltd (KL) Receives Average Recommendation of “Buy” from Brokerages

Shares of Kirkland Lake Gold Ltd (TSE:KL) have received a consensus rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$23.67.

A number of analysts have weighed in on KL shares. Royal Bank of Canada boosted their price target on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Scotiabank raised Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$17.50 to C$19.00 in a research report on Friday, November 3rd. National Bank Financial boosted their price target on Kirkland Lake Gold from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Desjardins raised Kirkland Lake Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$20.00 to C$24.00 in a research report on Monday, November 27th. Finally, BMO Capital Markets set a C$24.50 price target on Kirkland Lake Gold and gave the stock an “outperform” rating in a research report on Friday, January 19th.

Shares of Kirkland Lake Gold (KL) opened at C$18.96 on Friday. The stock has a market capitalization of $3,900.00 and a price-to-earnings ratio of 42.13. Kirkland Lake Gold has a 12-month low of C$8.38 and a 12-month high of C$20.97.

In related news, insider Philip Chow Yee purchased 6,000 shares of Kirkland Lake Gold stock in a transaction on Monday, December 11th. The stock was bought at an average price of C$17.02 per share, with a total value of C$102,120.00.

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Kirkland Lake Gold Company Profile

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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